End of the Empire: Iran Sanctions is about Gold and the End of U.S. Dollar as Global Reserve Currency

by Susan Posel

Publisher‘s Note: Since I am involved in commodities, both in petroleum and gold, we will have a little more in depth article about this in the forthcoming articles. But I wish to inform that the nation of Iran has a lot of it and its people’s pensions are in gold. Iran has taught its people how to be self-sufficient. This is also the reason Muammar Gaddafi was murdered. He with other nations required USA to pay Libya with gold in purchasing their oil because they know the US dollar is mere toilet paper.

August 4, 2012 (TSR) – Last month, President Obama placed more stringent sanctions on Iran’s oil sales and financial transactions. And in the next breath, he claimed that because Iran is supposedly developing a nuclear weapon, Obama will “once again reaffirming [the US government’s] commitment to hold the Iranian government accountable for its actions.”

While Israel is threatening to attack Iran pre-emptively to “knock out” nuclear facilities, Benjamin Netanyahu, Israeli Prime Minister asserts that “all the sanctions and diplomacy so far have not set back the Iranian (nuclear) program by one iota And that’s why I believe that we need a strong and credible military threat coupled with the sanctions to have a chance to change that situation.”

Sanctions placed against Iran are directed at their economy and value of their currency because Iran has been using gold instead of the US dollar to trade with other nations for their oil.

Obama’s latest round of sanctions, by executive order, is aimed at preventing “payment mechanisms for the purchase of Iranian oil to circumvent existing sanctions.” By targeting specific banks, Bank of Kunlun of China and Elaf Islamic Bank of Iraq, Obama wants to make sure “transactions worth millions of dollars on behalf of Iranian banks that are subject to sanctions for their links to Iran’s illicit proliferation activities.”

Obama warned that the US will “expose any financial institution, no matter where they are located, that allows the increasingly desperate Iranian regime to retain access to the international financial system.”

Working for the banking Elite, Obama has made his position clear. He is using the might of the US military to stop Iran from further devaluation of the US dollar; and now threatening all other financial institutions and nations that deal with Iran or facilitate payment in any currency other than the US dollar.

Ayatollah Ali Khamenei, Iran’s Supreme Leader, believes that US will declare “war within weeks”. Khamenei said: “While retaliation had been exhaustively drilled in regular military exercises in the past year, Khamenei ordered the biggest fortification project in Iran’s history to save its nuclear program from even the mightiest of America’s super-weapons. Rocks are being gathered from afar, piled on key nuclear installations, covered with many tons of poured concrete and finally plated with steel.”

Iran’s plan to close the Strait of Hormuz is a strategic response to the US by cutting off 33% of the world’s shipments of oil. It was met with underwater drones that targeted the blockade. As well as Saudi Arabia and the United Arab Emirates opening pipelines to bypass the Strait in efforts to increase oil that is moved out of the region.

Last month, reports of war games began surfacing. The Israeli Air Force is practicing aerial combat maneuvers with the US, NATO and European armed forces. They are collaborating on potential strike zones; mainly focusing on Iran’s nuclear facilities.

Joe Biden, US vice-president confirmed that the US would not “stand in the way” of Israel’s attack on Iran. “The US cannot dictate to another sovereign nation what they can and cannot do. Israel can determine for itself – it’s a sovereign nation – what’s in their interest and what they decide to do relative to Iran and anyone else.”

Ephraim Halevy, former Israeli spy, warns that Iran should take Israel seriously – that they have every intention of striking and that the “next 12 weeks are very critical”.

Netanyahu, fearing that the newly elected president will not want to have a winter war, wants to attack before the elections season begins in the US.

In globalist speak this is just rhetoric, as the plan to invade Iran centers around the global reserve currency and not nuclear facilities. Whether or not Obama is re-elected is irrelevant if the US dollar is further compromised by the actions of nations using gold as currency.

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